Ryan Air on Monday posted Her biggest profit after tax for The first half of that it financial yearwhich includes the file key summer, she said she expects to return to pre-COVID-19 annual profit levels of At least 1 billion euros ($993.80 million) this year.
The recovery in Traffic and profitability likely to remain ‘very strong’ for at least next Three years allow the Irish airline, already The largest in Europe in terms of passenger numbers, to become large market share gains, CEO Michael O’Leary said.
Ryan Air earned 1.37 billion euros ($1.36 billion) in The six months to the end of September. while it was just short of Expectations of 1.39 billion in company survey of Analysts, it was well ahead of Previous first-half record of 1.29 billion euros in The six months to the end of September 2017.
While winter will be a win-win situation, Ryanair expects after-tax profits of Between 1 billion and 1.2 billion euros for The year Until March 31, although expectations remains “highly dependent” on No adverse shocks.
“Concerns about the impact of slack and rising consumer price inflation on Ryan Air business model It was greatly exaggerated in “The last months,” O’Leary said. in a permit.
“We expect these strong fundamentals to continue to support strong traffic and average fare growth for The next At least 18 months.” In a pre-recorded video presentation, he predicted with great force growth in profit and traffic over The next Three years, assuming oil prices remain Relatively stable.
mix of 15% traffic growth and 14% fare rise It was something he said he had never seen before in all his years in Industry, referring to O’Leary second-quarter Preparation.
Reservations in November and December remain Strong but the airline said visibility is very poor for The first Three months of 2023.
Many competitors gave relatively optimistic guidance in last weeks with Wizz Air, British Airways owner IAG and Lufthansa have all said they see continued strength in ticket Sales despite inflation concerns.
Ryanair, which unlike many airlines has kept its pilots and crew up-Even today with their flight hours During the pandemic, to take advantage of them of Rapid recoil, flew a record 95 million passengers in The six months to the end of September.
Increased passenger expectations for that it financial year To 168 million from 166.5 million, significantly ahead of previous annual record of 149 million was reached before the pandemic that brought the travel industry to a standstill.
However, O’Leary warned against it concerned Boeing has only delivered 40 to 45 of Promised 51 737 Max planes in time for next the summer.
Chief Financial Officer (CFO) Neil Surhan said passenger numbers are hopeful rise to 185 million next year.
